BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDM) Shares Up 2.1% – Time to Buy?

Shares of BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDM – Get Free Report) traded up 2.1% on Monday. The stock traded as high as C$38.92 and last traded at C$38.81. 48,785 shares were traded during mid-day trading, an increase of 157% from the average session volume of 18,964 shares. The stock had previously closed at C$38.01.

BMO MSCI EAFE Hedged to CAD Index ETF Stock Performance

The firm’s 50-day simple moving average is C$38.61 and its 200-day simple moving average is C$37.75.

BMO MSCI EAFE Hedged to CAD Index ETF Company Profile

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The ETF seeks to replicate, to the extent possible, the performance of an international equities market index, net of expenses. Currently, the ETF seeks to replicate the performance of the MSCI EAFE 100% Hedged to CAD Index (the Index). The investment strategy of the ETF is to obtain exposure to the performance of the Index by investing in assets such as ETFs, mutual funds or other investment funds, American depositary receipts or derivative instruments. Currently, the ETF primarily invests in BMO MSCI EAFE Index ETF and uses derivative instruments to hedge its foreign currency exposure back to the Canadian dollar.

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